Sec_All_True_False_Ch_24_

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1、True/False1. Theconsumerpriceindexisusedtomonitorchangesinaneconomy’sproductionofgoodsandservicesovertime. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.103-Examinevariouscostoflivingmeasures.NATIONAL STANDARDS:

2、  UnitedStates-BUSPROG:AnalyticTOPICS:  PricelevelsConsumerpriceindexKEYWORDS:  BLOOM'S:ComprehensionDATE CREATED:  9/19/20161:22PMDATE MODIFIED:  9/21/20162:12PMCUSTOM ID:  001.24-TF-MANK082. Whentheconsumerpriceindexfalls,thetypicalfamilyhastospendfewerdol

3、larstomaintainthesamestandardofliving. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.103-Examinevariouscostoflivingmeasures.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  PricelevelsConsumerpriceindex

4、KEYWORDS:  BLOOM'S:ComprehensionDATE CREATED:  9/19/20161:22PMDATE MODIFIED:  9/21/20162:12PMCUSTOM ID:  002.24-TF-MANK083. Economistsusetheterminflationtodescribeasituationinwhichtheeconomy’soverallpricelevelisrising. a. True b. FalseANSWER:  TruePOINTS:  1

5、DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.103-Examinevariouscostoflivingmeasures.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  PricelevelsInflationKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:22PMDATE MODIFIED:  9/21/20162:12PMCo

6、pyrightCengageLearning.PoweredbyCognero.Page 29CUSTOM ID:  003.24-TF-MANK084. Theinflationrateistheabsolutechangeinthepricelevelfromthepreviousperiod. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.103-Examinevarious

7、costoflivingmeasures.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  PricelevelsInflationKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:22PMDATE MODIFIED:  9/21/20162:12PMCUSTOM ID:  004.24-TF-MANK085. InflationcanbemeasuredusingeithertheGD

8、Pdeflatorortheconsumerpriceindex. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.103-Examinevariouscostoflivingmeasures.NATIONAL STANDARDS:  UnitedSt